DP World has successfully completed the acquisition of Cargo Services Far East Ltd, a leading global supply chain provider headquartered in Hong Kong.
Cargo Services, known for its expertise in origin services, excels in transporting goods from the factory floor directly to the customer’s door. The company employs over 2,500 people across Greater China, Asia, Europe, South Africa, and the United States.
This acquisition marks a significant milestone for DP World, expanding its global workforce to over 115,000 employees across 800 locations. By the end of the year, DP World plans to operate more than 200 freight forwarding offices, covering up to 95% of global trade flows.
Founded in 1989, Cargo Services was one of the first foreign logistics service providers to enter the China market. Over the years, it has built a comprehensive portfolio of services, including origin purchase order management, ocean and air freight, and warehousing.
The company’s expertise extends across various sectors, offering sophisticated supply chain management solutions for retail and high-fashion clients in the US, UK, Europe, South Africa, Australia, and New Zealand. Cargo Services has also broadened its offerings to include specialized cruise logistics services worldwide.
DP World is strategically focused on developing tailored logistics solutions for industries such as automotive, chemicals, healthcare, perishables, retail, and technology. The aim is to create comprehensive, sector-specific services that drive efficiency, innovation, and growth.
Sultan Ahmed bin Sulayem, Group Chairman & CEO of DP World, expressed enthusiasm about the acquisition: “Cargo Services’ logistics expertise and global network perfectly complement our own footprint and will enhance our value proposition to customers. Together, we will form a powerful force driving global trade.
“By combining our strengths in technology, logistics, and strategic infrastructure with Cargo Services’ expertise, we will deliver unparalleled value to customers seeking to strengthen existing trade ties or explore new markets. We are thrilled to welcome our new colleagues as they join us on this pivotal step in our growth journey.”
John Lau, Group Managing Director of Cargo Services Group, shared similar sentiments: “Joining DP World allows us access to extensive resources and expertise, enabling us to continue providing the top-tier freight-forwarding and logistics services our customers expect. With a shared vision and strategy, I am confident that our teams will seamlessly collaborate to drive growth.”
With the acquisition now officially complete, plans for full integration are set to unfold in the coming months. The combined team will prioritize operational continuity to ensure a smooth transition and continued service excellence for customers.
To ensure a seamless integration, John Lau will remain with the business, assuming a senior leadership position within DP World.
